6.27 Midday ETH Strategy: The current market is experiencing a weak rebound with increased selling pressure, short!

Recently on the hourly K-line, the price has rebounded from a low position, forming consecutive bullish candles. The overall trend leans towards a short-term upward trajectory. It is also continuously approaching the 2450 resistance area, but the highs have not significantly broken through the previous swing high.

On the daily level, it closed with a small bullish candle with a long lower shadow, indicating some signs of a stop in the decline. At the same time, this position is close to the EMA120 moving average support. If it cannot break through the densely packed selling area above, it may continue to oscillate downwards.

Short Selling Strategy:

Price rebounds in the 2450-2520 range.

Target down to 2400-2365.

Stop loss set at 2540.

Personal opinion, for reference only!